Bitcoin accepted as valid currency by Australian lawyers

The legal fraternity has made it first foray into the use of Bitcoin as payments for services rendered. LegalVision, an Australian legal service provider, is the first to allow its customers to pay for legal services with Bitcoin. Bitcoin is a decentralized digital currency and allows users to transfer money on the Internet without using a bank. It also allows users to transact with each other directly. LegalVision installed Bitcoin support on January 21. LegalVision chief executive Lachlan McKnight said he was interested in using the crypto-currency because it fitted with the online firm’s emphasis on efficiency and innovation. “LegalVision is a progressive and innovative business, we appeal to a new generation of business owners who see the cost benefits of getting all their legal work done online,” he said. “Bitcoin is just the natural evolution of that thinking and the...